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Professor Frank Knight was the dominating intellectual force of the
economics department during my student days. This dominance was not an easy
prize: he was surrounded by colleagues as erudite and incisive as Jacob
Viner, as closely tuned to the emerging trends in economic analysis as Henry
Schultz, as broad in vision and knowledge as John Nef, as socially concerned
as Paul Douglas, and as exciting as Henry Simons. Yet no serious student of
economics left the University vdth...